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Anderson Fingers Apple CEO in Backdating Scandal

Time: 09:28 EST/14:28 GMT | News Source: Mac Observer | Posted By: Erick Cordero

Following a deal struck with the Securities and Exchange Commission, former Apple CFO Fred Anderson implicated CEO Steve Jobs in the company's improperly backdated stock option grant scandal. In a statement issued by his attorney, Mr. Anderson claimed that he advised Mr. Jobs that proper procedures must be followed when changing option dates.

The statement claims that in late January 2001 Mr. Jobs told Mr. Anderson that Apple's Board of Directors had approved an Executive Team grant on January 2. Mr. Anderson "cautioned Mr. Jobs that the Executive Team grant would have to be priced based on the date of the actual Board agreement or there could be an accounting charge."

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